FTSE 100: London stocks jump and pound slides after Bank of England cuts interest rates August 1, 2024 London stocks jumped this afternoon and the pound hit a one month low after the Bank of England moved to scale back interest rates from a 16-year high at its latest monetary policy meeting.
Eurozone inflation rises unexpectedly but September rate cut still on July 31, 2024 Figures released today showed that prices rose 2.6 per cent in July, ahead of the 2.5 per cent expected by economists.
Taylor Wimpey: Housebuilder suffers dent to profit ahead of planning reform July 31, 2024 Housebuilder Taylor Wimpey suffered a dent to revenue and profit in a set of half year results in which it hailed the new government's "recognition" of planning laws as being a "major barrier" to housebuilding.
Mortgage market treads water before of Bank of England interest rate decision July 29, 2024 Bank of England data showed that the number of mortgage approvals, which indicate future borrowing, remained broadly steady in June at just under 60,000.
Yorkshire Building Society sees profit fall as rate tailwind eases July 25, 2024 Profit fell at Yorkshire Building Society as margins in the mortgage market were compressed by the plateau in interest rates. In the first six months of the year, the building society’s pretax profit fell to £158.1m from £180.6m in the same period last year. The fall in profit was largely due to lower net interest [...]
The UK economy has defied gloomy expectations. Can this continue? July 25, 2024 The UK economy has surprised pundits again and again this year, growing at a much faster rate than almost anyone had expected.
ECB leaves rates unchanged but investors left guessing on next steps July 18, 2024 The ECB voted to leave interest rates on hold.
Profit warnings falling amid improving economy but scars remain July 18, 2024 "We can expect the economy to continue to recover, but slowly and unevenly," Jo Robinson, a partner at EY said.
With wage growth set to fall, the Bank of England should cut rates in August July 16, 2024 Wage growth remains stubbornly high despite the rise in unemployment and fall in hiring. However, this is not a signal for the Bank to hold off on cutting interest rates, Chris Dorrell argues
ECB to dominate focus for traders in busy week of UK data July 15, 2024 "It seems extremely unlikely that the ECB will cut rates again when they meet next week," analysts at RBC said.